Forex Trading Signals – December 11, 2017

You’re watching the Main Daily Trading Signals for Monday. Here’s how the technicals line up with the interbank at 8 AM GMT.

Euro/Dollar is overwhelmingly bullish in the short-term. The mid-term is split between green and neutral models, and the long-term sees 5 sell prompts but, in contrast, the interbank is neutral at less than 12% long.

The Cable has neutral models prevailing in all three time ranges, with 4 in the short-term, 5 in the mid-term and 6 in the long-term, and the technicals indeed are in line with the less than 2% short interbank.

All three time ranges bring different results for the Dollar/Yen, which sees 4 bearish models in the short-term and 5 neutral signals in the mid-term.The daily chart turns bullish with 5 studies, and it’s supported by the more than 27% long interbank. Pound/Yen’s hourly chart is divided between red and neutral models. The mid and long-term scales see 6 and 5 neutral signals, respectively, matching the less than 11% long interbank stance.

And Euro/Yen sees 5 neutral models in the short-term. The mid-term sees a mix of red and green signals and the daily outlook is split between green and neutral technicals. In contrast, the interbank is bullish at more than 23% long.

This article was originally posted on FX Empire

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